Wednesday, December 28, 2011

EOD Analysis for 28th November 2011 and Outlook for 29th November 2011

Volumes finally came in today in some proportion; Nifty opened with OI in Nifty futures @ 25 odd million but picked up another 3 million in the last 90 minutes of trade. No change to the levels and outlook.

For now, bulls can breathe easy that 4690 survived on EOD basis but expiry manipulations may give a lot of power to bears. 4840 is the critical level that bulls need to take out and right now struggling to cross over 4800 also! Keeping fingers crossed to see how expiry pans out.

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